Two or three multi-ties will dominate financial services, according to Thinc Destini’s group chief executive Simon Chamberlain.Speaking at the multi-distributor’s inaugural conference in Wales last week, Chamberlain said he believes there will be a rise of white-labelling agreements between com- panies acting in the style of commission clubs. Thinc Destini is in the process of signing a white-labelling agreement which will be announced soon. Chamberlain says the firm is well positioned to dominate the tied market as it was one of the first firms to make a clear statement of its plans at depolarisation. He says there are two further relationships waiting to be cemented with mortgage networks that will bring around 200 new members to the group. Thinc Des- tini offered Lifelink members a transfer deal in July. Chamberlain says: “These are changing times and we are well positioned to deal with these changes. Our agreement with Lifelink was extremely successful, with over 90 per cent of members taking the offer to move across to Thinc Destini. There are old-style regulatory networks that have found they can no longer operate successfully and, with the right opportunities, training and co-ordination, they can successfully make a transfer.”
Any innovation in the equity-release market is to be welcomed. Prudential’s Property Value Release product seems to have all the right features and the rate – at 6.45 per cent – is there or thereabouts. Portman charges 6.15 per cent while Mortgage Express charges 6.64 per cent. Northern Rock has a fixed rate of 5.99 […]
Who pays for long-term care is a delicate subject des- igned to raise the blood pressure of millions of carers and their families, who foot the bill in terms of stress, time and money to look after elderly relatives.
As his beloved football team, Ipswich Town, battle it out for a chance to join the big boys in the Premiership next season, so Suffolk Life’s chief executive is relishing the prospect of captain- ing a niche player in the growing Sipp market from next April. James Phillipps finds he is confid- ent of helping 25,000 or more clients to achieve their goals
The Chartered Insurance Institute has finally won chartered status – a very significant step along the road to making advisers into a profession.The bar is set very high.
Position Portfolios for a Changing China, Accelerating Disruption and More Political Discourse Is China an asset class? Why Investors’ Understanding of China is Changing How is disruption changing the way we invest? Established Ways of Doing Business Are Being Challenged What to Watch: Why politics matters more than ever in 2017 Key takeaways: Despite volatile […]
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
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